Strategy Plan
A strategy plan, or strategic plan, is a plan to achieve long term goals. An organization or individual who expects significant change may plan no longer than a year in advance. It is also somewhat common to plan 5 or 10 years into the future. The following is an example of a marketing plan for an existing textile business that is seeking to grow aggressively in the next year.
Implementation Plan
An implementation plan is a series of planned activities designed to achieve a set of objectives. This is often less about measuring and reporting results and more about organizing your resources to get work out the door. For example, the following is a plan to design and test 84 sock designs over 12 weeks.
Action Plan
An action plan is a plan to achieve an objective. These are often created to solve a problem or to communicate how you will accomplish an assigned task. The following action plan is designed to investigate and address the root cause of a quality problem with a textile product.
Tactical Plan
A tactical plan is a plan to seize an immediate opportunity or manage an imminent risk. For example, a sock factory that believes there may be a strike in a foreign port that will disrupt its supply of cotton may develop a tactical plan to manage this risk. Tactical plans may be developed and executed within hours or days and don't tend to have schedules or measurements.
Contingency Plan
A contingency plan is a plan to prepare for risk and respond to risks that become issues. For example, a corporate communications team that is planning an investor event may develop a contingency plan to prepare for problems that may disrupt the event.
| Overview: Plans | ||
Type | ||
Definition | A set of goals and series of steps that can be taken to achieve each goal. | |
Related Concepts | ||
